Profit Margin Is Calculated by Dividing Net Sales by Net

question 109

True/False

Profit margin is calculated by dividing net sales by net income.

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Definitions:

Direct Conversion

A process in energy transfer or digital signal processing that transforms one form of energy or signal directly to another without intermediate steps.

Parallel Conversion

The process of running old and new systems simultaneously during the transition to a new information system.

Open-Source Software

Software with source code that is made freely available for anyone to inspect, modify, and enhance, promoting collaborative development and distribution.

System Requirements

The technical specifications necessary for hardware or software to run effectively, including memory, processor speed, and operating system compatibility.